Varsav Game (Poland) Market Value
| VAR Stock | 0.42 0.01 2.33% |
| Symbol | Varsav |
Varsav Game 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Varsav Game's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Varsav Game.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Varsav Game on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Varsav Game Studios or generate 0.0% return on investment in Varsav Game over 30 days. Varsav Game is related to or competes with Banco Santander, UniCredit SpA, CEZ As, Polski Koncern, Dino Polska, Allegroeu, and Santander Bank. More
Varsav Game Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Varsav Game's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Varsav Game Studios upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 22.66 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 6.67 |
Varsav Game Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Varsav Game's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Varsav Game's standard deviation. In reality, there are many statistical measures that can use Varsav Game historical prices to predict the future Varsav Game's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Varsav Game's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Varsav Game Studios Backtested Returns
Varsav Game Studios owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0498, which indicates the firm had a -0.0498% return per unit of risk over the last 3 months. Varsav Game Studios exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Varsav Game's Variance of 20.05, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,284) to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Varsav Game's returns are expected to increase less than the market. However, during the bear market, the loss of holding Varsav Game is expected to be smaller as well. At this point, Varsav Game Studios has a negative expected return of -0.22%. Please make sure to validate Varsav Game's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Varsav Game Studios performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Varsav Game Studios has below average predictability. Overlapping area represents the amount of predictability between Varsav Game time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Varsav Game Studios price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Varsav Game price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Varsav Game Studios lagged returns against current returns
Autocorrelation, which is Varsav Game stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Varsav Game's stock expected returns. We can calculate the autocorrelation of Varsav Game returns to help us make a trade decision. For example, suppose you find that Varsav Game has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Varsav Game regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Varsav Game stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Varsav Game stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Varsav Game stock over time.
Current vs Lagged Prices |
| Timeline |
Varsav Game Lagged Returns
When evaluating Varsav Game's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Varsav Game stock have on its future price. Varsav Game autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Varsav Game autocorrelation shows the relationship between Varsav Game stock current value and its past values and can show if there is a momentum factor associated with investing in Varsav Game Studios.
Regressed Prices |
| Timeline |
Pair Trading with Varsav Game
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Varsav Game position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Varsav Game will appreciate offsetting losses from the drop in the long position's value.Moving against Varsav Stock
The ability to find closely correlated positions to Varsav Game could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Varsav Game when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Varsav Game - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Varsav Game Studios to buy it.
The correlation of Varsav Game is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Varsav Game moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Varsav Game Studios moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Varsav Game can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Varsav Stock Analysis
When running Varsav Game's price analysis, check to measure Varsav Game's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varsav Game is operating at the current time. Most of Varsav Game's value examination focuses on studying past and present price action to predict the probability of Varsav Game's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varsav Game's price. Additionally, you may evaluate how the addition of Varsav Game to your portfolios can decrease your overall portfolio volatility.